At the Beginning of the Current Month, Melrose Had £10,000

question 66

Multiple Choice

At the beginning of the current month, Melrose had £10,000. Cash disbursements were £260,000 and cash collections were £235,000. Melrose invests all excess cash in a money market fund and has a line of credit to cover cash deficiencies. If Melrose wishes to start the next month with £15,000, Melrose must

• A)borrow £15,000.
• B)borrow £30,000.
• C)borrow £45,000.
• D)do nothing.

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Definitions:

Method Area

A memory area in the Java Virtual Machine (JVM) that stores the class structures, such as runtime constant pool, field, and method data.

Box

An object or graphical user interface component that contains other items but can also refer to boxing conversion in programming, where a primitive type is converted into a corresponding wrapper class object.

Rectangle

A geometric shape or object with four sides at 90-degree angles, often represented in computer graphics.

Direct Access

A method to access data where the location of the data is known, allowing instant retrieval without having to search sequentially.